Daily Analysis Report - May 03, 2022 We are providing a general idea on how market is moving based on Price Action. This is not an investment advice; user must have his/her analysis before entering the trade!

1. www.fxcentro.com
03rd
May 2022
Daily Analysis
Report

2. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.05208
R1 1.05514 S1 1.04914
R2 1.05689 S2 1.04728
63 1.05995 S3 1.04422
Time Frame: H1
EUR/USD
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Comment:
- EURUSD is below MA & Pivot Point. RSI is below 50 level mark. Down Trend is
observed.
- A Descending Channel is observed and price is moving within the channel but
in downward direction.
- Below 1.04914 (Candle Close) a fresh sell may be entered.
- Alternative Scenario – Above 1.05421 an intraday up trend may start.
- Watch out levels for intraday trading.

3. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.25207
R1 1.25678 S1 1.24737
R2 1.25977 S2 1.24449
63 1.26436 S3 1.23968
Time Frame: H1
GBP/USD
Comment:
- GBPUSD is below MA & Pivot Point. RSI below 50 level mark. Down Trend is
observed.
- Descending Channel has been formed and price has reversed from the top
of the channel.
- Closing H1 Candle below 1.24737 may take price below.
- Alternative Scenario – Up trend may be observed above 1.25678.
- Watch out levels for intraday trading.
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4. INDICATOR H1
Trend Reversing Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1.28774
R1 1.29045 S1 1.28496
R2 1.29228 S2 1.28328
R3 1.29507 S3 1.28050
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Time Frame: H1
USD/CAD
Comment:
- USDCAD is above MA and below Pivot Point. RSI is below 50 level mark. Down
Trend is observed.
- Price is following a Descending Channel and price has checked the top of the
Channel but range is narrow one.
- Above 1.28774 a fresh buy is advised.
- Alternative Scenario – Trend reversal may be found below 1.28328.
- Watch out levels for intraday trading.

5. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 130.066
R1 130.408 S1 129.737
R2 130.607 S2 129.539
R3 130.935 S3 129.210
Time Frame: H1
USD/JPY
Comment:
- USDJPY is above MA & above Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is moving in a Symmetrical Triangle and is ready to break out any side.
- For fresh buy, one can enter the trade above 130.408 (Candle Close).
- Alternative Scenario – Breaking below 129.737 may take it further downside.
- Watch out levels for intraday trading.
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6. INDICATOR H1
Trend Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT 0.70530
R1 0.70730 S1 0.70335
R2 0.70857 S2 0.70211
R3 0.71061 S3 0.70012
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Time Frame: H1
AUD/USD
Comment:
- AUDUSD is above MA and Pivot Point. RSI is above 50 level. Up Trend is
observed.
- Price is following an Ascending Channel and has checked the top of the
channel.
A fresh buy is suggested above 0.71300 (H1 Candle close).
- Alternative Scenario – One can wait for it to break 0.70853 for downtrend.
- Watch out levels for intraday trading.

7. INDICATOR H1
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT 1872.86
R1 1890.51 S1 1855.21
R2 1900.77 S2 1844.13
R3 1918.00 S3 1826.90
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Time Frame: H1
XAU/USD
Comment:
- XAUUSD is priced below MA & Pivot Point. RSI is below 50 level. Down Trend
is observed.
- A Flat Channel is observed. Price is moving within the channel and a very
narrow price range is followed since yesterday.
- If price breaks 1855.00 a fresh downward movement will be seen.
- Alternative Scenario – A fresh buy is suggested above 1873.00
- Watch out levels for intraday trading.

8. You!
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Info@fxcentro.com
Disclaimer:
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such trading. Please always remember that trading in Forex and CFDs might not be suitable for all
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afford to lose. You are also recommended to seek independent financial advice if necessary.